In 1985 Lord Gowrie famously resigned from his post as Minister for the Arts in Margaret Thatcher’s government, on the grounds that it was impossible to live in Central London on a mere £30,000 a year
This blog, Grandmother of World's 23rd Best Economist Posthumously Offended by Sonia Sotomayor's Spending Habits; Will Obama Withdraw Nomination? , explains why $179,000-per-year doesn't go that far in New York City these days
That explains why MPs these days find it hard to get by on a mere £66,000 a year
